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Bitcoin is like a fiat currency without a fiat.

• jorblumesea 9y ago
  and without central banking, top tier economists, monetary tools for a bailout, a military and government... It's really not much like a fiat currency at all. The closest thing might be penny stocks.
  • rhino369 9y ago
    Bitcoin has a central bank, it just made its decision ahead of time without regard to supply and demand.
• IncRnd 9y ago
  Bitcoin is unlike a currency in that it is difficult to have a transaction, today, using bitcoin. That will hopefully change, but that is how things are today.
  • lostsock 9y ago
    How is it difficult to have a transaction?
    • IncRnd 9y ago
      I was referring to the time it takes to complete a bitcoin transaction in which confirmation lags significantly behind that of transactions in currencies around the world. https://blockchain.info/charts/avg-confirmation-time https://blockchain.info/charts/avg-confirmation-time https://blockchain.info/charts/median-confirmation-time https://blockchain.info/charts/median-confirmation-time